U.S. Government may not approved Comcast NBC Universal Studios Deal
Posted by Ashley McChesney on Mon, Jan 11, 2010 @ 01:12 PM
The U.S. Department of Justice confirmed that it would be the agency to spearhead a review of the $30 billion deal that would give Comcast majority ownership of NBC, Universal Studios, and a host of cable TV franchises. Both the Justice Department and the Federal Trade Commission typically look into mergers that involve potential antitrust issues, but the Department of Justice is taking the lead on this one. Ultimately, the Federal Communications Commission will also need to examine the deal.
Comcast is already the nation's largest cable provider with 23.8 million cable TV customers. The company also owns a few select cable channels, including E! Entertainment and two sports channels--the Golf Channel and Versus. If the NBCU deal is consummated, Comcast will also claim ownership of not just NBC and Universal Studios, but also an array of popular cable networks, including CNBC, MSNBC, Bravo, USA, SyFy, and Oxygen. NBCU also has a minority share in Hulu, while Comcast has Fancast, its own video streaming site.
Not to mention Comcast could also be gaining part of the Universal Studios Theme Park pie with this deal.
Comcast confirmed that it would be filling a public interest statement with the FCC at the end of January.
Read more here.
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